Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-03-11

WIN the southern system Of rail-
toa"s now embraced in the Termi.
nal company. Terms for such n union.
IL any formal conditions were nresent.
co. were not agreed upon, and Il was
sh1 oy a member Of the committee
TO be doubtful if substantial basis
Tor such agreement could be
Ieached. II was stated in emDhatio
terms that under no circumstances
would the Terminal COMPANY issno
any more obligation for the acGuisition
OF the Baltimore and Ohio orany other
property. II was part of. the propoqed
scheme TO sell or lease the Baltimore
ana Ohio telegraph system 10 the
Weston Union Company. The cost of
The telegraph lines stand on the com
ranys books at about $4,000, 900. and
1t was thought by tine projectors of the
plan that the Western Union Company
would readily buy the system at cost
| pnce for the sake of relieving itself
from persistent rivalry. 1t was hoped
even that the sale OF the telegraph
lines would furnish capital enough 10
reimburse the members OF the syndi-
cate for a cash outlay. while the whole
year was allowed for the settlement OF
the remainder Of the purchase-money.
The statements of DIR. Noryin Green,
! president of the Western Union Com
| pany, and of Jay Gould, which were
published in the TriJUnc Yesterday,
tended TO dissipate the expectations.
II WAS found that all oyertures to the
Western Union Company and its
friends were rejected. New efforts to
secure the cooperation Of Mr. Gould
were made yesterday, but without
| further success. He remarked: 81
said yesterday that bad no wish to en-
gage in new enterprises; | can only
repeat the statement to-day. Yes, it is
true that was offered this morning the
contract which Mr.. Sully is said to
hold on condition that l would pay
the s. GOO, GOO necessary to make
the option good after to-day. My bank
account has not been depleted for that
purpose. | am willing that any one
should have control of the properly
who wishes to buy it on such terms.
I should want to look it over carefully
before | named any price for it. ~
ALL QUIET N BALTIMORE.
BALTnoRE, March 10.-Perfect quiet
pcrvadcs the Baltimore and Ohio rail
road building to-day, and but few per
sons have called. Mr.. Garrett still says
he has nothing to say. There is o
rumor that palt. at least, of the hold
ing of the Johns Hopkins University
has been sold, but no one in authority
viii confirm or deny it.
SALE OF BALTIMORE AND OHIO STOCK.
| BALTIMORE, March 10-At the Stock
Exchange to-day 1870 shares of Balti-
more and Ohio stock sold at prices
ranging from 179 down to l76. At The
close, at , o'clock, 10 WAS bid and ZIG
asked.
MIR. GARRETT IS ADMISSIONS.
BALTIMORE. MD, March 10-Nr.
Robert Garrett this afternoon virtually
admitted to u prominent Baltimorean
that there was considerable truth in the
newspaper talk of the big railroad deal.
He would give no definite idea of the
| particulars of the 1,heme, but from M
remarks the inference was drawn that
the Baltimore and Ohio railroad has
become a factor in the syndicate that Is
to control something like a national
railway, reaching from Canada TO the
Gulf of Mexico, and probably from
New York TO the cXtrSne West. 1t Is
generally believed that
THE BIGGEST RAILROAD DEAL on RE-
CORD
has been or is about to be made, an(
that the passage Of the Interstate com
merce bill hurried the affair to n settle
ment. Mr.. Sullv has been active II
arranging the details OF the scheme
and he is the only one positively know
TO be connected with it, but complete
chain is believed to have been formed
of companies operating connectin;
roads running the entire length OF The
North American continent.
OPISIONs Differ
as to whether single share of Bait
more and Ohio stock has or will b
transferred, hut the belief is gaining
ground thnt the deal involves not oni'
the road itself, hut also its telegraph
express. and slccping-car interest. III
widest sort of talk is INDUCED in, bu
no actual facts can he obtained from
any one in a position to know anything
about IL. Many are inclined to be
Iove that the stock QI00O shares
held ly the Johns HoplIns trustees
or at least cousidcrable portloI
of il, has been placed under the contro
Of tie new syndicate but the -, DO
j shares held iv the city OF Baltimor
cannot be touched without a special ac
70 Of ihe CITY Council. Thirty thousan
{ shares left in Trust 10y the late john "
- Garrett con be disposed Of, rs the vii
t did not forbid the sale, but simply al
} yiscd that it Ee held in trust for twent
81 wears. sothat controlling interest Nigh
be secured if advantageous terms wer
- offered. Mr.. Garrett to-day told a gen
tcman at the Merchants Club that b
might rest assured that whatever wa
! done would be
! TOR THE BEST INTEREST CT BALTIMORE
Int further information ne could NJ
p give inst now. From this ii was inierre
s that he scheme was not fully consun
3 mated. aud that important develol
y mcnts might be expected III the ne.
e future.
= READING NOT II THE DEAL.
I PHILADELPHIA, March l0.-One
1 tlc receivers Of Reading said to-day
I II have no doubt Garrett would like
o dispose of some Of his stock at a goo
]. round sum, hut Reading cannot be u.s.
S 10 pull the chestnuts ont OF the ire
o any such combination as has been
ported. The president OF the Baihmo
l. and Ohio has undertaken u great Ia
d in lis attempt to get TO New York, al
n has already loaded the company with
e coed deal of debt. He can get to Nc
York. but not upon his own terms
which means tocut rates as he chooses
a. Rave NOT BEEN Consulted.
j. PHuADE1Pu,, March lo:-Ihe lea
If ing executive officers Of the Penn;sY
e yopia Railroad Company say that tA'
r have not been consulted N regard
t The baltimore and Ohio deal.
> WHAT A CHICAGO MAN KNOWS.
" Cu7cAco March 10-A gent,em